Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Advanced Petrochemical Co.’s feedstock supplies have improved as the shortage went down from 40 to 20 percent.
2) The National Industrialization Company’s (Tasnee) feedstock supply shortage declined to 25 percent compared to 41 percent.
3) Saudi Kayan Petrochemical Co. ‘s feedstock supply shortage dropped to nearly 37 percent from 50 percent.
4) Saudi Indian Company for Cooperative Insurance (Wafa Insurance) incurred a net loss before zakat of SAR 157.95 million for the fiscal year 2018, compared to a net loss of SAR 32.7 million a year earlier.
5) Advanced Petrochemical Co.’s shareholders approved a 10 percent capital hike to SAR 2.16 billion from SAR 1.97 billion, through issuance of one bonus share for every ten shares held.
6) Saudi Basic Industries Corporation’s (SABIC) feedstock supply shortage declined to nearly 30 percent from 49 percent.
7) Yanbu National Petrochemical Company’s (Yansab) feedstock supplies dropped from 30 percent to 17 percent.
8) Saudi Arabian Fertilizers Company’s (SAFCO) feedstock supply has resumed to its normal levels.
9) Saudi Chemical Co.’s shareholders approved a 33.33 percent capital hike to SAR 843.2 million from SAR 632.4 million through the issue of bonus shares.
10) Brent crude on Thursday gained 8 cents to reach $63.68 per barrel whereas WTI Crude also increased 12 cents to reach $58.23/bbl.
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